Most retail investors are actually left-side traders, which is also the main reason for their losses.
Left-side trading (against the trend)
Price drops → think "that's enough" and buy early
Price rises → think "it's at the top" and short early
Core: predicting reversals
Right-side trading (with the trend)
Don't buy after a drop, wait for the bottoming
Chase after a rise, wait for a breakout
Core: confirm the trend before entering
Left-side trading requires a very high level of experience in bottom-fishing and topping. The risks and profits are also the largest. Must set stop-loss!!!
Right-side trading only requires following the market trend, and the risks can be much smaller.
After the 1011 crash, I believe many people bottom-fished after the plunge. The results are obvious, and now, just less than two months later, most new coins on Binance have basically been halved again and again. Especially on perpetual contracts, you have to be very cautious.
Perpetual contracts are not about who guesses better
It's about who dies slower, lives longer, and follows the direction.
In 1011 I basically had no positions left, went to play with shitcoins, not good at it but Hakimi made 30 times. It's also a compensation for 1011.
Now I feel it's time to enter the market, I will gradually bottom-fish $ETH
